An interesting, brief article on things to consider before buying your home with cash instead of a mortgage. Full Article
If you have the financial means as a buyer and you plan to hold the home for 5+ years, this strategy is worth considering.
A few things to remember, your home value is not related to how you paid for the home (cash or mortgage).
Ask yourself, can you invest this cash elsewhere and make a better rate of return? This gets a bit complicated when factoring in the tax breaks, cost of the mortgage interest, the initial loan closing costs, and cash flow. To keep it simple for decision making purposes, I use amortization schedule on the loan amount, the rate of interest, a 30- year mortgage, and assume I will hold the home for at least five years. It will give you the amount of interest paid for the first five years of the loan. Bankrate.com Amortization Calculator